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©2026 ACM-NL — Amsterdam Capital Management, Independent Equity Research. ACM publishes independent, quantitative equity research. Our publications are general in nature, identical for all subscribers and do not take your personal situation into account. ACM does not provide investment advice or asset management and does not manage money or securities on behalf of others. Model portfolio returns are equally weighted and exclude transaction costs. Past performance is no guarantee of future results. Investing involves risk; you may lose (part of) your investment.

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